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re: Child support payments
Posted on 6/8/16 at 7:20 pm to Gtothemoney
Posted on 6/8/16 at 7:20 pm to Gtothemoney
In Alabama, they add the income of the custodial parent and the non custodial parent together.
They then have a chart that shows how much "support" for the child based on that income.
The support of the child is then based on the percentage of the total income the NCP makes times the support figure.
Example
Custodial Parent Makes $40k
NCP makes $60 k
Total income is $100,000. Chart says that $500 is the corresponding support amount.
NCP pays 60% of $500 or $300 per month.
There are other things that can be factored in, such as insurance costs.
They then have a chart that shows how much "support" for the child based on that income.
The support of the child is then based on the percentage of the total income the NCP makes times the support figure.
Example
Custodial Parent Makes $40k
NCP makes $60 k
Total income is $100,000. Chart says that $500 is the corresponding support amount.
NCP pays 60% of $500 or $300 per month.
There are other things that can be factored in, such as insurance costs.
1
Posted on 6/8/16 at 8:31 pm to lsusa
quote:
In Alabama, they add the income of the custodial parent and the non custodial parent together.
They then have a chart that shows how much "support" for the child based on that income.
The support of the child is then based on the percentage of the total income the NCP makes times the support figure.
Example
Custodial Parent Makes $40k
NCP makes $60 k
Total income is $100,000. Chart says that $500 is the corresponding support amount.
NCP pays 60% of $500 or $300 per month.
There are other things that can be factored in, such as insurance costs.
This.
If your kid is on your health insurance, it will go a long way in decreasing your payments. At least it did for me. I was also required to keep a life insurance policy of at least $100,000 with my son as the beneficiary (already had more for him) until I was done paying support.
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